Rental Subsidy definition
Examples of Rental Subsidy in a sentence
The Grantee or Management Company shall complete a CRF Subsidy Request Report - Recap of Tenant Income Certification, which provides a unit-by-unit listing of all units in the Development for whom assistance is being requested and gives detailed information including the occupants’ eligibility, set-aside requirements, amount of household rent paid, utility allowance and amount of CRF Rental Subsidy requested.
It is anticipated that during the Qualified Project Period the Project will maintain Project Based Voucher (“PBV”) Restricted Units, supported by Project- Based Section 8 rental subsidy payments (the "Rental Subsidy").
The Grantee or Management Company shall complete a CRF Subsidy Request Report - Recap of Tenant Income Certification, which provides a unit-by-unit listing of all units in the Development for whom assistance is being requested and gives detailed information inclu , set-aside requirements, amount of household rent paid, utility allowance and amount of CRF Rental Subsidy requested.
The Rental Subsidy Payment shall be the difference between the Contract Rent and the portion of the Contract Rent for which the Tenant is responsible (the “Tenant Rent”), up to a maximum amount permitted by the HTF/ELHIF Program.
The Owner may retain the Rental Subsidy Payment for the month in which the Tenant moves but shall not receive subsequent Rental Subsidy Payments.